Household HSBC Watch

An identity theft ring that involved the personal information of 10,000 credit card holders was busted in New Jersey, federal authorities said today. Four men arrested by the U.S. Postal Inspection Service are expected to be arraigned at 2:15 p.m. this afternoon in federal court in Newark. A fifth suspect is at large. […]

The U.S. subsidiary of British financial conglomerate HSBC Holdings PLC spent more than $1.3 million in the first half of 2007 to lobby the federal government, according to a recent disclosure form. HSBC once claimed they never lobby for anything and had no lobbying effort. Once against company policy, HSBC found out their […]

HSBC - North America’s retail services business today announced it has formed a strategic alliance with electronic payment network operator Debitman Card, Inc. to accelerate growth in Debitman’s debit card platform, known as “The Retailer’s Network.”

About Debitman
Debitman created and operates the Retailer’s Network, the only national, interoperable electronic payment network for retailer-issued debit cards. Founded […]

Citigroup Inc. , the largest U.S. bank, on Friday reported quarterly profit that missed analysts’ forecasts, as weaker credit card results offset investment banking growth. Much of the U.S. banking sector has suffered from narrowing margins, or the difference between borrowing and lending costs, as the Federal Reserve pushes up short-term interest rates.

HSBC credit […]

As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]

When considering recent issues with General Motors, identity theft and the GM credit card, combined with the high cost of fuel and slowdowns in the auto industry, one must ask if General Motors is considering the sale of General Motors Acceptance Corporation and GMAC’s residential mortgages. Intelligent minds conclude that GM would not turn […]

“Polaris Industries and HSBC Bank Nevada” said the press release. “HSBC will continue managing the Polaris private-label credit card program” it also said. HSBC Nevada is HSBC NV, the source of many complaints and reported identity theft. Formerly reported to credit bureaus as HSBC RS (retail services) many customers now see HSBC […]

While overall mortgage delinquencies dropped in the first quarter of 2005, subprime delinquencies rose. Advocates at Household - HSBC Watch explained that one factor may be, under international accounting rules, that HSBC (formerly Household International) Finance Corporation is required to report home mortgages correctly for the first time in years. “During their transition […]

More than 785,000 Americans learned that they may have been the subject of identity theft in the last three months. HSBC, a U.K. bank, recently informed 180,000 of its customers that information the company kept on them had been exposed to potential criminals. Consumer advocacy organization Household - HSBC Watch said recent complaints on […]

In much the same way that a resume displays your work experience to a prospective employer, a credit report provides prospective creditors (and in some cases employers and insurers too) with a detailed picture of your credit history. And like a resume, your credit report can influence whether you will receive what you are applying […]